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Fintech / Regtech
MAS, Banque de France Complete m-CBDC Experiment
By Sanday Chongo Kabange | 11/07/2021
The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.
ESG / Sustainability
The Resilience Imperative: Succeeding in Uncertain Times
By Gabriele Vigo | 11/07/2021
Strengthening financial institutions’ resilience has never been more important, say Gabriele Vigo and Olivia White at McKinsey.
ESG / Sustainability
FSB Urges Greater Coordination on Climate-related Risks
By Manesh Samtani | 07/07/2021
The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for coordinated action, the FSB says.
Market Infrastructure
FSB Calls on Supervisors to Align LIBOR Messaging
By Manesh Samtani | 07/07/2021
Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.
Market Infrastructure
HKEX to Roll Out New IPO Settlement Platform Next Year
By Editors | 06/07/2021
HKEX will proceed with the development of FINI for handling all Hong Kong IPOs, initially adopting a T+2 settlement cycle.
Market Infrastructure
MAS Consults on Revised Reporting Rules for OTC Derivatives
By Manesh Samtani | 06/07/2021
The amendments aim to facilitate the aggregation of OTC derivatives data through standardisation and harmonisation of data elements by incorporating the CPMI-IOSCO technical guidance.
ESG / Sustainability
MAS Further Extends Facility to Support SME Lending
By Manesh Samtani | 06/07/2021
Government risk sharing and lower-cost funding will keep borrowing costs low for local enterprises as they recover and adapt to the new normal, MAS said.
Market Infrastructure
EU Regulators Urge Participants to Stop Using LIBOR
By Sanday Chongo Kabange | 05/07/2021
Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.
Market Infrastructure
ASX Finalises Settlement Workflow Changes for CHESS Replacement
By Ranamita Chakraborty | 05/07/2021
Netting will be expanded to include all novated trades and the creation of the NBO and associated messaging will be discontinued to provide greater system scalability.
Market Infrastructure
RBI Issues New Guidelines on Outsourcing for Coop Banks
By Editors | 03/07/2021
Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
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